27/04/2026 US equities hit new highs The S&P 500 hit an all-time high this week, with the longest-ever advance in semiconductors.
9/06/2022 Economy & Markets The embarrassing legacy of financial capitalism: implication... Understanding how the legacies of the 'old economy' paved the way for a new macro-financial regime today, and implications for investors.
9/06/2022 Economy & Markets Shifts & Narratives #20 - Stagflation and its roots in capit... Understanding how the misallocation of capital in the last macro-financial regime laid the foundations for the prospect of stagflation today.
2/06/2022 Economy & Markets The myth of the fiscal free lunch: beware of the trap. An in... Understanding why the idea of the fiscal 'free lunch' is an illusion while global debt remains at record highs, and moving into a more fragmented world.
2/06/2022 Economy & Markets Shifts & Narratives #19 - The fiscal illusion: no free lunch... Understanding why the idea of the fiscal 'free lunch' is an illusion while global debt remains at record highs, and moving into a more fragmented world.
2/06/2022 Portfolio Strategy Shifts & Narratives #18 - The power of narratives for invest... Our analysis suggests that narratives complement traditional macro variables when it comes to explaining financial market behaviour.
5/05/2022 Economy & Markets Q2 2022: A late cycle with a greater focus on inflation The shift to an inflationary late cycle has been confirmed with greater conviction and a focus on higher inflation (and rates). Economic momentum is still...